The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Drone Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drone Services Global Market Report 2024, The drone services market size has grown exponentially in recent years. It will grow from $13.92 billion in 2023 to $18.9 billion in 2024 at a compound annual growth rate (CAGR) of 35.8%. The growth in the historic period can be attributed to cost-efficiency in data collection, increased demand for surveillance and monitoring, rising adoption in agriculture, expansion in construction and infrastructure sectors, emergency response and disaster management.The drone services market size is expected to see exponential growth in the next few years. It will grow to $55.65 billion in 2028 at a compound annual growth rate (CAGR) of 31.0%.
The increasing adoption of drone services in agriculture is expected to drive the growth of the drone services market. Drone services involve the provision of various solutions and applications using unmanned aerial vehicles (UAVs) or drones for commercial, industrial, or recreational purposes. Drones have various applications in agriculture, including crop monitoring and precision agriculture practices, which enhance efficiency and productivity. For example, The State Of Food and Agriculture reported that in 2021, approximately 14% of agricultural retailers in the United States offered drone input application services, with an expected increase to 29% by 2024. This growing utilization of drone services in agriculture is fueling the expansion of the drone services market.
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The drone services market covered in this report is segmented –
1) By Service Type: Drone Platform Service, Drone MRO (Maintenance, Repair, and Overhaul) Service, Drone Training And Simulation Services
2) By Solution: Enterprise, Point
3) By Application: Aerial Photography And Remote Sensing, Data Acquisition And Analytics, Mapping And Surveying, Modeling, Disaster Risk Management And Mitigation, Inspection And Environmental Monitoring, Other Applications
4) By End Use Industry: Agriculture, Infrastructure, Oil And Gas, Logistic, Other End Use Industries
Top Major Players
Phoenix Drone Services LLC,
PrecisionHawk Inc.,
Cyberhawk Innovations Limited,
Sky-Futures Limited,
Terra Drone Corporation
The drone services market report table of contents includes:
1. Executive Summary
- Drone Services Market Characteristics
- Drone Services Market Trends And Strategies
- Drone Services Market – Macro Economic Scenario
- Global Drone Services Market Size and Growth
- Drone Services Market Segmentation
- Drone Services Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Drone Services Market
- Drone Services Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Drone Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Drone Services Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Drone Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Phoenix Drone Services LLC Financial Performance
Table 76: PrecisionHawk Inc. Financial Performance
Table 77: Cyberhawk Innovations Limited Financial Performance
Table 78: Sky-Futures Limited Financial Performance
Table 79: Terra Drone Corporation Financial Performance
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